YANKCOM Partnership Makes New $942,000 Investment in Target Co. (NYSE:TGT)

YANKCOM Partnership acquired a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,972 shares of the retailer’s stock, valued at approximately $942,000.

Other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. Northeast Financial Group Inc. acquired a new stake in shares of Target in the fourth quarter valued at about $1,566,000. D.A. Davidson & CO. lifted its position in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP increased its position in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after acquiring an additional 69,885 shares during the last quarter. Finally, Polianta Ltd increased its stake in shares of Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after buying an additional 2,900 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $135.27 on Thursday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The business’s 50 day moving average is $135.05 and its two-hundred day moving average is $144.11. The company has a market cap of $61.98 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.24 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. On average, equities analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.31%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. Truist Financial increased their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Sanford C. Bernstein raised their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.